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in the valley, sacramento, or in d.c., that would strengthen the innovation economy? >> i could go on about immigration and corporate tax policy reform, but i am a researcher, so i will not. >> and we have seven minutes. >> mayor lee said it perfectly. the fundamental thing that companies are looking for is to be engaged in the process. we use a term in computing called agile. we look for more ability and the possibility to work with us, iterate in the process, rather than what we often see as we call the waterfall, take-it-or- leave-it. flexibility and agility is what is most important. >> mayor lee? >> i have always thought of our city as being the gateway to the rest of the world. i have often talked, with companies, i want to be with you when you turn the corner. we want to be the city that treats international markets for your products. i do not know if you know this but we have 70 counsel general offices in san francisco, the highest number outside of washington, d.c. we want to make sure that our companies know we are not just in it for san francisco, the region. we have to tap inter
can be we are going to talk about silicon valley and the bay area innovation to the economy today. as you look at the panel, talking about the silicon valley, we have the mayor of san francisco. it will come into perspective, that when you have a giant like ibm anchor here in the valley, you are seeing in between companies like google and apple and facebook with incredible growth. in san francisco, mayor lee has welcomed to the fold in twitter, zynga, companies that are into cloud computing, hiring lots of people that not only want to live and work in the valley but recognize san francisco as being part of the valley. we are, indeed, fortunate, from san jose to san francisco, to be part of the innovation economy. we are finally seeing once again california's innovation is leading us out of the last three years of recession. i do not know about you but i am pretty tired of the recession. i made a statement several years ago that it was about time for an adjustment to the economy, things were too expensive, overheated. two years after that, i regretted making that comment. it was gr
by bloomberg, 36% said america's fiscal woes are the biggest threat to the world economy, more than the 29% who named the european debt crisis. anthony mason is attending a meeting of world bankers in davos, switzerland. >> reporter: how strong do you think the u.s. economy actually is right now? >> i think the u.s. economy wants to be strong. >> reporter: but mary callahan erdoes says the bickering in washington is holding it back. erdos is one of the most powerful women on wall street. as c.e.o. of j.p. morgan asset management, she presides over $1.2 trillion in investments. >> the u.s. has to realize it's got so much going for it. let's just get ourselves to come together as a team, one team running that country, helping to get itself back on stable footing which then cascades to the rest of the world. >> reporter: how much does it hurt the economy if we don't confront this? >> it hurts us tremendously. it hurts the confidence of the u.s., it hurts the confidence of the c.e.o.s to know how do i invest? what are the rules going to be? and we've got to get back to believing that business is go
a greater growth in the u.s. economy i think is still a question mark. >> down europe, up 10% china. okay. china, can be a source of top line growth. latin america could be a source of top line growth. >> and when asked about china, the words for sure, the idea that china is staging a rebound. >> and this is despite the fact that they have terrible fraud there. kind of overlooked it. when you're in that virtuous circle, it doesn't seem to matter what you say that's negative. people want to grasp the positive. it's a different kind of market from what we've had for multiple years. >> and to melissa's point about correlation, it's not that risk on, risk off, which we have dealt with for so long now. every hedge fund would come in, and say, europe's bad today, risk off. >> there are no more excuses for the fund managers who are underperforming the s&p 500. this year could be a good year, a different kind of year from the hedge funds that have done so poorly. >> they're going to have to do actual work. >> right. they will have to show performance now. >> they'll have to go through these quart
's. one that is falling behind; and an economy that is growing. it we are looking at 40 percent of the juniors not ready to graduate in a years time, that is a serious problem that we need to address. i believe that these folks -- that is part of the generation that will not be successful in our local economy and we have to make sure that we are supporting san franciscans in this way, making sure people have the skills in the background to get jobs in the future and if we are not successful here we know that they will fall behind the cracks. it's really a no-brainer. we have a lot of wealth in the city. not everybody shares it equally and this is one way we can remedy that. colleagues i hope that you can support the supplemental. >> supervisor wiener. >> supervisor wiener: my position is the same as it was in december when we voted on this. i won't repeat all of those reasons. although the fiscal cliff catastrophe was avoided at least for the moment we still have significant risks at the state and federal level and i am not comfortable appropriating from our arguably inadequa
the importance of the other nine to five economy. the impact of all that you do has an impact on our job situation and local economy, and to highlight all of the great work that we can do together to ensure that the sectors that you all represent, the sectors that you work for, that you employ people for connaught is one of the greatest sectors in san francisco. i hope we will take the opportunity of the america's cup to showcase our clubs, our restaurants, our nightlife events. as someone who represents the broadaway neighborhood, an area of town that i used to spend a lot of time in when i was in my 20's -- but actually, very few locals take the time to head to the beach on broadway. our neighborhoods are coming together to say that broadway is open to the rest of the world as well as san francisco. i want to put san francisco back on the map when it comes to music. to make sure that we have the type of entertainment that we used to be renowned for. and those of you that work in our bars and clubs, i want to make sure that we are trading the kind of destinations that we look forward to
-class people, people who are working and paying taxes. we need to have them here for a functioning economy. i am looking for ways to fund more of that kind of housing, particularly for a central employees like teachers, nurses, first responders. we need to make sure that our development is a transit- oriented. we do not want to encourage suburban sprawl. we want to do infill housing so that people can live near where they work and near public transportation. >> let's talk about public transportation. is there adequate muni service in your district? what is the parking and traffic situation like? >> muni is not near where it needs to be. in the caster, we have the subway. -- in the castro, we have the subway. a can be terrific or frustrating. we are next to the bart line. in other parts of the district, is unreliable. the writeridership is lower bece of unreliability. other lines are not as frequent and people not think of using them. we have a particular problem in diamond heights. the neighborhood is served primarily by the 52 line. it is incredibly unreliable. the buses miss runs-------. fo
are the issues? the economy is getting better. so the issues will not be about cutting, but how to put resources back into the services we lost. don't put them back into services that were ineffective. making sure that whatever we do as we move forward that it will be a better place. issues i care about, really care about. education has always been very center to the things i have been involved with. i am a former teacher also. i work in the early childhood education field for 18 years running an organization. those are parts of my dna. other things that people are not aware of, i do care about health environment in san francisco. i want to make sure that we have enough health facilities to serve all san francisco, not just one part of the city. i want to make sure that our small businesses are supported. why? i come from a family where we had a small grocery store. i understand what it means to run a small business. maybe people think about 500 people is a small business. i'm talking about businesses that drive neighborhoods, support neighborhoods, give jobs to people in those
issue that is really in people's minds is the state of the economy. how is it that we are going to be able to bring down the unemployment rate in san francisco? how is it that we can have sustainable job growth in different sectors in san francisco? how is it that our future generations -- our kids and use -- are trained so they are able to take advantage of what is emerging -- our kids and youth. weather is the health care industry and other things that might be looking rosier -- whether it is the health care industry and other things that might be looking rosier in terms of job activity. >> how will you balance the needs of your district against the needs of the city as a whole? >> -- supervisor chu: a lot of people ask that question. they ask how you can be an effective supervisor and have the city's overall interests in mind, but the thing people often lose is the fact that what is good for the city often times is good for our residents as well. if we are seeing huge economic uncertainty or recessions that are impacting, let's say, the downtown core where many of our busines
? >> it is good for the economy. absolutely it is good for the economy. you know, there is a relationship between mood and spending. when people feel good they spend a little bit more. >> they feel good right now. >> they feel really good right now. very excited right now. >> reporter: there are the obvious things that my off of the shelves here like t-shirts and anything that helps folks identify with the 49ers. an estimate that fans national he will spend $11 billion on super bowl-related punches including beer and 5 million new television set fist. >> in general, san francisco -- television sets. >> in general, san francisco is an optimistic place and it is good for consumer spending. >> reporter: then, the stuff fans do while watching the game like consuming chicken wings, 8 million pounds of chips and another 8 million pounds of avocados. >> when we are in a situation like this that is just gripped the emotions of the entire city, really, nobody is left behind. everybody in some way is effected by this. and everyone gets involved. it is pretty m
? >> it is good for the economy. absolutely it is good for the economy. you know, this is a relationship between mood and spending. when people feel good they tend to spend more. >> they feel good right now. >> they feel really good right now. very excited right now. >> this are are the obvious things that fly off of the shelves here in san francisco like t-shirts and anything that helps folks identify with the 49erss. an estimate that fans nationally will spend $11 billion. including 51 million cases of beer and 5 million new television sets. >> in general, san francisco should be a little more active, lively, optimistic mace. all of those things are good for consumer spending. >> reporter: then, the stuff fans to well watching the game. consuming 125 million pounds of chicken wings. what is the psychology behind that? >> when we are in a situation like this that is just gripped the emotions of the entire city, really, nobody is left behind. everybody in some way is affected by this. >> reporter: and intangible pay offs like the image of america
the growth in the economy by extending the life for review and approval for permit applications for large projects from 360 to 720 days, clarifying the time limitations for permit processing so that it begins when the permit is provided to dbi for review and the clock stops when it is returned to planning for a design change that is required by the building department. extending the period of time for dbi to notify a project sponsor before a permit is canceled, and extending the time for completing all the work authorized by a building permit. the second objective was to correct a publication error for the fees associated with 3r reports. this error occurred during the last code cycle when it was published. and the final is to reduce fees for copying plans to the levels consistent with the sunshine task force's recommendations. this legislation was unanimously approved by the building inspection commission in march of 2012. i'll be glad to answer any questions. >> i see no questions -- supervisor cohen. >> hi, good afternoon, pam. i have a quick question about the proposal for increasi
. we need to reform the system for the economy and for american families. >> and what she told me is this is a real imperative. what's new, it also is now an imperative for republicans. the election results from last november made clear the republican party needs a message for latino, asian-americans and immigrant groups if they have any chance of recapturing the white house. >> scott, this is carla marinucci. what's your thoughts on this? we've seen paul ryan, marco rubio extend a hand to president obama so to speak and suggest they are ready to talk about immigration reform. what's the biggest hurdle here? >> well, i think the biggest hurdle in the end is going to be politics, of course, but the issue of citizenship. what marco rubio outlined this week and last weekend is very close to what president obama talked about in 2011. and so i think that will provide some cover for other republicans. when you've got someone like marco rubio, a rising star in the party, paul ryan, saying we're ready to do a deal here, but the devil is in the details as they always say. democrats feel ve
in the global economy despite some of the revenue company is headed into 2013. >> there is good news for renters, bay area rents are flattening out. according to a new survey of apartment complexes by " real sex ", written in the east bay, peninsula and san francisco were almost unchanged in the fourth quarter of 2012 and declined slightly in the south bay. experts say that red flag could be caused by some renters decided to buy homes since interest rates are so low. >> fremont wholefoods groundbreaking is scheduled for friday. the 39,000 square foot building is located at the corner of casio padre parkway and more right ave. another 13,000 square feet is being set aside for a another retailer. the fremont store will be the sixth store in the east bay. a date has not been released on when the store will be opened. >> the united nations say that more than 197 million people worldwide are without a job, and that another 39 million have given up looking for work. an annual report from the international labor ass organization says the unemployment will rise by 5.1 million this year. the u.s. and wor
minneapolis. >>> from weather to the economy, you hope the world economy is on wall street, but now in switzerland. many are in davos for the annual world economic forum but this year their focus is not on europe. anthony mason joins us from davos. anthony good morning. >> reporter: good morning, charlie. maybe it's the bracing mountain air but there's been a pronounced mood swing in davos. 12 months ago it looked like the financial collapse in europe could lead to a global recession. what a difference a year makes. in the hallways and meeting rooms of the world economic forum where top bankers, business leaders and politicians come every year to swap intelligence there's a sense the global economy has finally turned a corner. as ken frazier, ceo of pharmaceutical giant merck. >> i think the u.s. economy is poised to take off. i think it's been through some tough times. i think it's the strongest economy in the world. >> reporter: the imf forecasts the global economy will grow 3.5% this year a healthy number, and if there's debate about how soon things will ge
me mean this. people advise me on making financial decisions. they think the economy looks pretty good. don't mess it up. >> it does look pretty good, as best we can tell. the one thing to remember is it's not just the debt ceiling. it's these automatic cuts that are scheduled to take place march 16789 the debt ceiling isn't their only opportunity to try to get the president to agree to cuts. there are looming deadlines. so i think the republicans will get obama to agree to some cuts, even if we don't have a really economically damaging showdown. chris: how are we going to deal to entitlements? i don't think liberals want to do much. who is going to do it? >> we don't have to do it immediately, and that's an important point. conservatives don't either. the conservative base right now is an older base. it's people in their 50's and 60's, people who say i'm really worried about the deficit. don't touch my medicare or social security. chris: that it? indicated stuff. >> the entitlement stuff is a really big problem. there are a lot of liberals who go too far in denying it's a problem
agenda that is designed to appeal to partisans. >> reporter: to the nation's still-recovering economy. >> he is addicted to spending. and those are policies that will hurt our country long term. >> reporter: and tonight, a top white house adviser tells nbc news that the president has finished writing his remarks for his inaugural address tomorrow that he will deliver shortly after completing the ceremonial oath of office. and then, tomorrow night, the obamas, lester, will celebrate with two inaugural balls, compared to ten four years ago. >> all right, peter, thank you. >>> and washington is getting ready for the spectacle that brings at least a sense of unity to this city once every four years. nbc's kelly o'donnell is outside the capitol with that story. kelly, good evening. >> reporter: good evening, lester. this is where it all happens for what is the grandest photo op in american politics. tomorrow, we will see the president walk through that red drape behind me and he will take the ceremonial oath and deliver his inaugural address at the front of that stage. just final touches t
on the right track? what would you like to change about the approach to developing the economy? >> we are getting better. the city as got more proactive about attracting businesses and new industries and providing incentives for them to come and stay here. it is still a very expensive place to do business in terms of the cost of labor, land. we need to make sure that we are not taxing businesses to the point that it is not profitable and we are not attractive for them to be here. we need to reform our payroll tax. that is an incentive not to create jobs. i know the board president david chu is working on possibility this there -- possibilities there. i look forward to working with him. we've targeted efforts to revitalize areas and bring industries here with the tax holiday and proposal introduced yesterday relating to parts of the tenderloin to provide some payroll tax relief to encourage businesses like twitter and others to go there. >> the governor has proposed eliminating funding for redevelopment agencies. what is your opinion of the plan? what are your thoughts on the value of
the last three or four years, maybe with the economy, things are doing a lot more work without a permit and it annoys me when i hear a contractor didn't get a permit. they are licensed contractors and know for this type of work particularly. there is a loot of investigation time that goes into this and they are not big-money permits so to speak. but we are bound by city charter to investigate the complaints. there are -- to answer your question, we don't keep a list, but contractors should know about and advise homeowners when this happens. i saw they applied for another permit to legalize some rooms on the ground floor which is not part of the violation and there seems to be a contractor in place on that permit and that permit has not been issued yet. i noticed that before i came up to the meeting. >> what is the name of that contractor? >> homeworks construction service, one bedroom and bathroom at ground floor. that permit has not been issued and still has to be reviewed by the planning department. it will probably be an over-the-counter permit, but there seems like there is some
economies. the report by the group american farmland trust says prime farmland is being overrun. it blames inefficient policies. fit continues rorkts said about 500,000 acre of prime land will be lost by 2050. that could cost local economies up to $190 billion. >> we know we're going to lose some of the farmland. cities are in the middle so this becomes important to develop it. not waste this good land. >> report says local governments need to fight to preserve best quality land. >> sacramento about to lose its only major sports franchise. seattle set to restore the team lost. the brothers have agreed to sell their 65% majority ownership to a group planning to move the team to seattle. they would revive the super sonics name and colors. a condition stit insisted on when the franchise moved to oklahoma city. this sale is now awaiting approval. >> san francisco jazz scene is thriving. much of the city has the only jazz music on the west coast. this is a music hall. the center is located near the symphony and the opera. >> san francisco this, building where we're standing has become a ground
optimistic than 2009 when the economy was on the brink of collapse. >> preserving our individual free democrats requires collective action. >> liberals rejoice that the president's clear left turn. >> progress does not compel us to settle centuries-long debate of the role of government for all time but it does require us to act in our time. >> the second term goals the president laid out went beyond what we heard, ambitious agenda from a politician who will never run for re-election. gay rights. climate change. gun control. immigration reform. protecting medicare and social security. >> they do not make us a nation of takers. they free us to take the risks that make the country great. >> republicans say the president ignored the struggling economy or reducing the deficit but he acknowledged the ongoing partisan challenges facing washington carrying over from the first term. >> we cannot mistake absolutism for principle. or substitute spectacle for politics. or treat name-calling as reasoned debate. >> the president also signaled a shift to a younger america, one that he hopes to tap i
the economy was on the brink of collapse. >> preserving our individual free democrats requires collective action. >> liberals rejoice that the president's clear left turn. >> progress does not compel us to settle centuries-long debate of the role of government for all time but it does require us to act in our time. >> the second term goals the president laid out went beyond what we heard, ambitious agenda from a politician who will never run for re-election. gay rights. climate change. gun control. immigration reform. protecting medicare and social security. >> they do not make us a nation of takers. they free us to take the risks that make the country great. >> republicans say the president ignored the struggling economy or reducing the deficit but he acknowledged the ongoing partisan challenges facing washington carrying over from the first term. >> we cannot mistake absolutism for principle. or substitute spectacle for politics. or treat name-calling as reasoned debate. >> the president also signaled a shift to a younger america, one that he hopes to tap into for legislative success. >
economy, someone with a felony has great difficulty even accessing 5 a job that pays minimum wage. putting these felony convictions to a whole population of young people, we really perpetuate a chronic underclass which benefits none of us. and then of course there's the inequity in the criminal justice system. even though we can show that drug use rates are quite similar in all different ethnic communities and african-americans are 13 times greater likelihood of being convicted of a felony of simple possession. then of course there's also the savings that we could experience, nonpartisan, independent legislative analyst office has determined that there would be $159 million annually of savings at the county level, plus another $65 million annually in savings at the state level. and our bill would direct a portion of that savings to drug treatment programs so that we can, like these 13 other states, have better outcomes, safer communities. i of course have to thank the sponsors of our bill, and we have a number of them, the h.l.u. which has been a champion and the drug policy alliance as we
sustainable green economy, what we call now distributed generations of people producing and consuming energy. this is happening at an incredible pace in california and i know california like this is and we want to connect with california. some of the events will require the supports of the leaders that are here present, the leaders of the italian american associations. i am very proud to say that all of the leaders of the italian american associations are gathered today, mr. mayor, and senator assembly man and board of supervisors is here to celebrate with us and ramona blackwell who with the committee of the italians abroad and elected body and we will need your support and it's not just top down but bottom up. we're are open to your ideas and suggestions. we want it to a great celebration and people are in charge and in power and they will also run the show. that's our objective. by the way also have guests from outside california and salt lake city -- i don't know where he is because i can't see anything with the lights. there he is. thank you mike for being with us. we will ce
see a big upside in the tech sector. >> tech is here. it's one of our grapt strengths of our economy. -- great strengths of our economy. there is so much opportunity for growth there. >> a short-term fix on the debt sealing and indicators such as housing moved stocks higher. >>> tensions ran high at a discretional hearing as they grilled secretary of state hillary clinton about the again i cannot seeie attack. >> the american people deserve to know answers and they certainly don't deserve false answers. >> senator john mc cane criticized for the initial attack that killed four americansy several republicans say americans were misled and were told it started as a protest. the secretary fired back. >> the fast is we have four dead americans because of a protest or because guys out for a walk and decided they'd go kill some americans. what point at this point does it make? >> clinton spent five and a half hours answers questions before the house and senate committee. this is likely her formal testimony as secretary of state. >>> ahead in three minutes, a land mark for women in the armed
, or the economy or what have you, we definitely saw the decrease in payed venues and their crowds. the crowd out on the street was as big as it has been in the past years and perhaps even slightly bigger, but definitely the industry suffered slightly this year. i, again, whether it be weather or the economy and i am not sure. over all, new year's eve went over well and we did not have any major incidents and minor incidents here and there and some violence, but again, nothing that we have seen in the past years, so that is the very good news. i worked that evening with both members of sfpd and hitting a lot of different venue and we were able to cover a lot of the city that night. so having said that, over all, just beyond new year's eve, our holidays in particular were pretty quiet as far as the industry goes. businesses were opened, but, we were not seeing some of the crowds that we see in the past years. hold on. then i was wrong there were no corrective actions we. have been investigating a few things, the mile cafe, a crepe store and kt and those are kind of the big ones that we are looking
billion on super bowl purchases from t- shirts to tv sets to beer. >> it is good for the economy,absolutely. there is a relationship between mood and spending and when people feel good they spend more. >> they feel good right now. >> they feel really good right now. very excited. >> reporter: people in san francisco are feeling good with the 49ers heading to the super bowl for the first time since 1995. psychology suggests that winning fans are big spenders and that means a winning season and winning the super bowl would be good for the economy in the bay area. live in san francisco, elissa harrington, cbs 5. >> thank you. >>> before the 9ers landed in the big easy, they got a ceremonial sendoff in the south bay. they bored a delta charter in -- boarded a delta charter in san jose yesterday for the ride of their lives. fire trucks bid the 9ers good luck and fair weather. fans showed up to show their support outside the 49ers facility in santa clara. decked out in 49er gear fans waited to catch a glimpse of the players as they drove by. colin
we opened, which was a spectacular opening concert about five weeks after that the economy completely crashed. my plan -- and i'm absolutely dogmatic about my plans --were delayed slightly. i would say that in this very difficult timefor the arts and everyone, especially the arts, it's phenomenal how new century has grown where many unfortunate organizations have stopped. during this period we got ourselves on national radio presence; we started touring, releasing cds, a dvd. we continue to tour. reputation grows and grows and grows and it has never stopped going forward. msk(music) >> the bay area knows the orchestra. you maybe take things for granted a little bit. that is simply not the case will go on the road. the audiences go crazy. they don't see vitality like this on stage. we are capable of conveying joy when we play. msk(music) >> any performance that we do, that a program, that will be something on the program that you haven't heard before. string orchestra repertoire is pretty small. i used to be boxed into small repertoire. i kept constantly looking for new repertoire and
francisco so special. we keep everybody here and that allow us to recover our economy, and everything because it's so interdependent. >> so that is a difficult goal but i think we can achieve it over the long time so thank you very much for hosting us and hosting this great exhibit, and thank you very much for joining >> i am jeff idakia, and i provide legal representation to 20,000 people every year. it is our goal to ensure that we have the best legal representation possible. we started this nine years ago, to increased consciousness and awareness of the issues that affect public safety in criminal and juvenile justice reform. i am proud to say that this is the ninth summit. we take on issues like closing the california youth authority. and we in the confinement of youth -- young children in -- and the prisoner re-entry program and abolishing the death penalty. we take on three critical issues. the first panel has a riveting discussion about gangs. and reducing gang violence. on our panel are former gang members, gang intervention workers, police, public defenders, and researchers.
continuing to work with the company that put the permits together. as our economy changes we get a lot of business owners who come to us who have a new concept like a restaurant and a motorcycle club. it's actually a real case i'm working on >> we want the user to have the abilility to be able to submit these applications online where we have one place for us to reroute the information. we'd like to have the abilility to save user profiles. and just a big pie in the sky goal is to have someday where the owner could build their business and i'm like thinking about opening up 0 restaurant and maybe a motorcycle. we have to be more flexible. and this out of the box we start custom fizzing this application and we've been working very hard on doing data clean up and data testing began last week. the feedback has been positive and people have suggested a lot of good ideas. is goal is to launch the product on the week of february 4th. any questions? >> that was great. do any of the department's have any of the forms that could be filed out online >> i don't know. >> i think right now to m
. >> it is good for the he economy. absolutely it's good for the economy. you know when there is a relationship between mood and spending when people feel good they tend to spend a little big more. >> they feel good right now. >> they feel really good right now very excited right now. >> reporter: there are the obvious things that fly off the shelves like f shirts and anything that helps folks identified with the 49ers. an estimate fans nationally will spend 11 million dollars on super bowl related purchases. including 51 million cases of beer and 5 million new television sets. >> in general san francisco should be a little big more active lively exuberant optimistic place and all those things are good for consumer spending. >> reporter: then there's the stuff fans do while watching the game. consuming one and a quarter billion chicken wings. what's the psychology behind that. >> when we are in a situation like this which is has just grinned if emotions of the entire city, really no one's left behind. everybody in some way is affected by there and everyone gets involved. >> it's pretty m
talking to are more optimistic about the u.s. economy. here's what ken frazer, c.e.o. of the pharmaceutical giant merck, had to say. >> i think the u.s. economy is poised to take off. i think it's been through some tough times. i think it's the strongest economy in the world. i think the big challenge for us is to come up with long-term solutions to the debt and deficit situation that will create greater certainty for people to make investments. >> reporter: the c.e.o. of j.p. morgan chase, jamie dimon, said here in davos that he thinks the table is set now for strong economic growth in the u.s. the c.e.o. of coca-cola told me here "we're still walking on ice" but if his words "everyone now believes the ice is going to hold." >> pelley: but, anthony, the last financial catastrophe was because a bubble burst. and what are the chances this is a bubble in the stock market? >> reporter: well, i think scott, some people are concerned the market may be getting a little ahead of itself here, that ordinary investors are rushing back in. but it is fueled by some very encou
it. i don't think that the stock market is an indicator of how our economy is doing. >> tech is one of our great strengths of our economy. that sector, money is flowing into it, because there's so much potential and there's so much opportunity for growth there. >> reporter: more good news. a looming shutdown of the government over the debt ceiling is off the table for now. the international monetary fund expects good economic growth worldwide. u.s. agriculture is doing very well. plus, yet another critical mega trend. >> the housing sector has been doing well with people moving out and establishing their own households. >> reporter: more and more investors are moving out of lower-paying but more secure investments. >> you had a mad race out of equities in 2007, 2008, 2009, and now here at the end of 2012, 2013, you're seeing a great rotation back into equities, because there's a better rate of return. >> reporter: but more convincing lays ahead. >> i still say that the economy is still pretty dismal. >> reporter: also, in after- hours trading, netflix was up over 30%, after a suspec
our economy, and everything because it's so interdependent. >> so that is a difficult goal but i think we can achieve it over the long time so thank you very much for hosting us and hosting this great exhibit, and thank you very much for joining . . >> meeting will come to order. role call please. president torres, vice president courtney commissioner moran here and commissioners are on their way. approval of minutes item number three gentlemen have you have you had a time
to a record high. the nasdaq and the s&p are soaring, as well. this amid positive signs about the economy, housing rebounding, and companies hiring. so is it too late if you want to jump into the stock market? find out what you should do if you've been on the sidelines until now. >>> and speaking of money, we'll tell you why you will have to spend a lot more of it if you are planning to serve chicken wings at your super bowl party next weekend. i hope you're sitting down for that. >> always got nachos. nachos are the go-to snack. >> yeah. that's what we would have at our house. >> or mac and cheese which we'll talk about later on. somebody's making mac and cheese today. >>> then we'll talk about -- just when the deadly flu season seems to be getting better now, a new concern nationwide. it's called the norovirus. what is it, how can you avoid it? we'll get to the bottom of the health threat. >>> notre dame speaking out about the manti te'o fake girlfriend scandal. what the school know, when it -- school knew, where it knew, and why the school didn't go public when it first learn good the
the president wants to focus on measures to help the economy and energy development, immigration and public safety as well. they want to see president do more in congress. >>> 800,000 spectators expected and security will have to be tight with that. good morning katherine. >> good morning. when asked about the situation in algeria and mollie we were told there was no change to the threat level at home. t this is a national security event. the lead organization for counter-terrorism and investigation is the cia. they were recently given a tour of the ee kret service command center and undisclosed location. this is the main coordination center for real time information today. secretary napolitano told reporters months of planning is involved. >> starting sunday is will contingo continuously from monday to tuesday. it is a national security event protecting an event this large, complex, with this many different venues with this number of people coming requires a lot of coordination. >> the fbi explained they are reviewing r reviewing real time information that is constantly being successed and
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